Federal Reserve System The Federal Reserve System (FRS), and its 12 District Banks located throughout the United States, is both a Private and a Public, Nonprofit Organization, whose objective is to: 1) Maximize Employment 2) Stabilize Inflation, and 3) Moderate long-term interest rates for its Citizens.
Job Description Are you looking for an opportunity to advance your professional auditor career? Are you interested in learning more about the businesses of the Federal Reserve Bank of San Francisco? Does working in a fast-paced, changing environment interest you? Are you interested in a job opportunity that will allow you to make a difference? If you love a challenge and have a passion for results, this position may be of interest to you!
The Audit Department is seeking an individual for our Cash Product Office audit team who is self-motivated and can work both independently and in a close team environment. This position is responsible for planning, conducting and documenting project, financial, operational and compliance audits, evaluating risks and controls, and formulating audit findings and recommendations.
Job Responsibilities • Provide audit coverage and support for the Federal Reserve System’s Cash Product Office (CPO) • Lead and/or participate in moderate and complex SDLC (System Development Life Cycle) project reviews and Cash Services operational reviews. • Schedule, moderate and document meetings with clients and key stakeholders to understand current developments, trends and changing risks and exposures related to the business. • Provide leadership and strategic direction to the Federal Reserve System’s Cash Services Audit community by assisting with training, reporting and creation of common audit programs and tools. • Develop informal and formal business relationships across all levels of the organization and the Federal Reserve Audit community, including senior management. • Understand risks applicable to the Cash Services, key National business lines and projects, and create formal risk assessments. • Perform and document audit fieldwork in a complete, clear and concise manner. • Analyze conditions, identify efficiency and effectiveness opportunities, and make recommendations. • Complete assignments within established timeframes. • Communicate audit results to Bank management and others verbally and in a formal audit report. • Perform follow-up activity on planned corrective actions of Bank businesses in response to audit issues and recommendations. • Establishing and maintaining strong customer relationships and communications. • Proposing creative approaches for performing tasks and problem solving. • Participating as Audit’s representative in Bank, District, and System workgroups, task forces, and committees.
Required Qualifications and Skills
The candidate should possess in-depth knowledge and understanding of risks and controls, and must fulfill the qualification and skills requirements below. • Must be a United States Citizen, United States National, or hold a permanent resident status/green card with the intent to become a United States Citizen. • 2 to 6+ years of relevant experience with operational, financial and project based audits. • Possess general knowledge of the Institute of Internal Auditor’s International Professional Practices Framework (IPPF); and the Committee on Sponsoring Organization (COSO) internal control and Enterprise Risk Management (ERM) risk assessment frameworks. • Have a general understanding of information security, general IT controls, application controls, and technology risks for various hardware and software platforms • Excellent interpersonal and consensus building skills. In depth understanding of organizational complexities and ability to navigate them to achieve desired results. • Ability to collect, analyze and summarize operating information and trends. • Demonstrates use of logical, analytical, critical thinking and reasoning skills. • Outstanding verbal and written communication skills, excellent presentation skills. • Strong project management skills, ability to provide and receive candid constructive feedback. • Undergraduate degree in Accounting, Auditing, Business, Computer Sciences, or related field.
Preferred Qualifications and Skills (Plus Required Qualifications and Skills above) • Experience auditing large-scale automation projects • Experience with Statistics & Reserves business, policies and procedures • Experience with Cash Services business, policies and procedures • Understanding of currency and coin management, customers and the key industry participants supporting the Cash Services business • Strong analytical /critical thinking skills and ability to apply sound judgment when making decisions related to business and financial activities of moderate to high complexity • Excellent ability to identify process improvement needs and recommend solutions in moderate complexity businesses. • Public accounting experience desired. • Professional Certification such as CIA, CPA, PMP, CFE, CISA.
Work Hours and Conditions • 8:00 AM to 5:00 PM (PST), Monday – Friday • Off hours support as required by project schedules or management • Ability to travel up to 20%
***At the Federal Reserve Bank of San Francisco, we support the time and cost required to maintain professional credentials and support a minimum of 60 hours of training annually, provide the opportunity to telecommute, offer a tuition reimbursement program, and a wonderful employee benefits package including: Medical, Dental, Vision, Pre-tax Flexible Spending Account, Backup Child Care Program, Pre-tax Day Care Flexible Spending Account, Vacation Days, Sick Days, Paid Holiday’s, Pet Insurance, Transit Subsidy, Matching 401(k), and a Retirement / Pension.*** Note
1. Candidate hired for this position must be a United States Citizen, United States National, or hold a permanent resident status/green card with the intent to become a United States Citizen. 2. The candidate selected will be required to pass a background check including criminal, education and employment checks. 3. This position may be filled at various levels based on candidates experience and department needs. 4. The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer. Our people proudly reflect the diversity and ideas of the communities we serve and are strongly committed to employee development, providing ample opportunities to pursue advanced degrees, certifications, enroll in training courses, and attend conferences.